Journalize the following transactions. a. January 2. Recorded approved operating budget: estimated revenues, $850,000.00; appropriations, $832,000.00; budgetary fund balance, $18,000.00. M50. b. January 4. Paid cash for electric utility service in public safety department, $700.00. C25. c. January 10. Received cash from park fees receipts, $860.00. R45. (Other Revenue) d. January 11. Received cash from current taxes receivable, $85,000.00. R46. e. January 13. Encumbered estimated amount for supplies in public works department, $375.00. M66.

Journalize the following transactions. a. January 2. Recorded approved operating budget: estimated revenues, $850,000.00; appropriations, $832,000.00; budgetary fund balance, $18,000.00. M50. b. January 4. Paid cash for electric utility service in public safety department, $700.00. C25. c. January 10. Received cash from park fees receipts, $860.00. R45. (Other Revenue) d. January 11. Received cash from current taxes receivable, $85,000.00. R46. e. January 13. Encumbered estimated amount for supplies in public works department, $375.00. M66.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 6PB: Relevant data from the operating budget of The Framers are: Other data: Capital assets were sold in...

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